Cincinnati Real Estate is heating up this summer!

Home sales in the Greater Cincinnati area were hot for June!  According to the Cincinnati Area Board of Realtors, the number of closings in June was the highest since 2006.  This is a 5% increase compared to last year.

Another key piece of market information is the inventory of homes for sale.  As of June 30, inventory has continued its year-over-year declining trend to 9,896 from 10,637 a year ago, which is a 7% decrease from last year.Here is a snapshot of what interest rates have been doing:

30-Year Fixed Rate Mortgage (local)

June 2014 (average) 4.17%

June 2013 (average) 4.34%

Most recent (July 18, 2014) 4.43%
The Greater Cincinnati housing market continues its strong, upward momentum. Lower inventory

levels, along with decent buyer activity and relatively low interest rates will continue to push prices

higher.  Contact us today to find out specific information on your home, or to discuss your home purchase:  www.finn-team.com 

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